The transaction fee must be there. Even if the network can handle billions of daily transactions it would be spammed and die without the transaction fees.
The other thing is that transaction fees can appear when the network reaches the 20% of it's max capacity.
The people providing infrastructure for the network must earn money. It can be through emission or transaction fees.
For wide adoption emission and no fees is better.

I don't find one right now, but I am planning to build one from scratch )

Most projects don't really need 10m or 20m or even 250m$ right at start.
But all projects try to raise as much as possible right now.
From the dev side I think not exactly greed is the question, but the fear that if they announce they want just 1m right now, and will hold a second ICO next year the first one won't be successful.

So I really think the right structure of the ICO would be like.
SEED (pre-ICO) hard-cap 500k$ - that's more then enough to build a working prototype of ANY project
Yes, I would be able ANY project with 500k, even a good working prototype of a search-engine with features that differs it from competition.

ICO round A - min CAP and max hard CAP 3m - 20% of the project shares, 80% team and pre-ICO investors.
ICO round B - 6 min CAP and max hard CAP 10m - 20% round B investors, 16% round A investors, 64% team and pre-ico investors.

From my point of view round B should be very popular even by round A investors that would want to buy more if the project shows good dynamic.

But the question is would there be enough people wanting to invest in round A, knowing that the team will hold 80% of the tokens and issue more in about 1 year making the total share of round A investors 16% and not 20% though the price at round B is minimum twice the price of round A.

So what do you think?
Will it fly or will it turn away a lot of people that like hard-caped tokens which will never be issued again?

Actually it's a very good point that a new leader that I thinks would surely come or evolve from one of the current projects should have good investment opportunity at it start.

But I think of this question more long-term like 10+ years.
And the real value in my mind is becoming a widely accepted currency.

The concept of virtual uncontrolled money is here to stay, but I am sure it won't be bitcoin in the future and not ethereum if they don't evolve fast enough.

Security of the network itself is a big issue.
Everybody talks about the ability to get 51% to make a fork, but there is one more thing.

It's very important that an attack that aims to stop all transactions in the network entirely for month cost at least 20% of the currency market cap.
We will see attacks from governments pretty soon and they will be perfectly fine to spend a couple of billions $$ for this.

I think we need an auditor that checks everything before an ICO. It would cost, but audited ICOs will gather much more money then the ones with some random team profiles and no real working product.

From what I see now very often non working projects that sound cool get much higher valuation then the ones that are real businesses with real profits.

I think that current leaders will fall once the new one appears.
Not tomorrow, but within the next years.

Here is my top3 features a new leader should have.
1. High transaction volume scale from millions to billions.
2. Low transaction fees.
3. Real assets behind it, so everybody know it can't fall under certain level or it will buy itself back and stop the fall.

What would be your top picks?

I usually prefer to print my tokens and hang all over my home 
But some greedy ppl prefer to sell right after the ICO or hold them if the token grows.
If the project posts some good news it grows just like shares do, but even magnified.

A lot of people can use ICOs to wash some money, so if you buy low and sell high you are lucky and made some BTC from it )
So try to invest in ICOs that have a HardCap )

There should be a special prize for the best and the worst ICO of the year )
I will try to win in the worst category )

Wow. Looks like a new record.